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 Southern States Bank
Southern States Bank
| RSSD ID 3629420 | CERTIFICATE 58558 | ABA NUMBER 62206622 |
| 615 Quintard Ave |
Quarter Ended : |
2025-03-31 |
| Anniston, Alabama, 36201 |
Updated : |
2025-04-29 |
| www.southernstatesbank.net |
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| Institution Profile |
| Year Opened : |
2007 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
No |
| Fiduciary Powers : |
No |
Powers Exercised : |
No |
| Filing Type : |
051 |
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| Specialization : |
Commercial Lending Specialization |
| Number of Offices : |
15 |
Number of Employees : |
195 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 2,851,727 |
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Total Interest Income | 43,165 |
| Total Liabilities | 2,481,750 |
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Total NonInterest Income | 1,579 |
| Total Bank Equity Capital | 369,977 |
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Total Interest Expense | 17,044 |
| Total Deposits | 2,434,039 |
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Total NonInterest Expense | 11,767 |
| Net Loans & Leases | 2,231,159 |
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Net Income | 11,651 |
| Loan Loss Allowance | 28,876 |
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Net Charge Offs | 237 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 366,046 |
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Total loans | 2,238,070 |
| Total assets for the leverage ratio | 2,800,185 |
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Loans secured by real estate: | 1,904,776 |
| Tier 1 Leverage Ratio | 11.99 |
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Commercial and industrial loans | 325,653 |
| Tier 1 Capital Ratio | 13.35 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 14.55 |
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Loans to individuals - Other | 10,879 |
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:· Southern States Bank
